LONDON New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business.
PARIS Total and partners including China's CNOOC have made a significant new gas discovery off the coast of Britain at the North Sea Glengorm prospect, with recoverable resources estimated at around 250 million barrels of oil equivalent (boe).
LONDON Private-equity backed Neptune Energy and Germany's DEA are bidding for the oil and gas assets in Egypt, Italy and elsewhere being sold by EDF's Italian unit Edison, industry sources said on Friday.
LONDON, Jan 25 Private-equity backed Neptune
Energy and Germany's DEA are bidding for the oil and gas assets
in Egypt, Italy and elsewhere being sold by EDF's
Italian unit Edison, industry sources said on Friday.
LONDON A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production.
* Net debt at $3.1 bln
(Adds details CEO comment, analyst comment)
LONDON Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday.
OSLO/LONDON Norwegian oil company DNO has secured control of Faroe Petroleum , a day after raising its hostile bid for the British company to 641.7 million pounds ($819 million).
LONDON French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said.
LONDON British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said on Thursday.